2015 Tax Return Calculator Ontario

Use this 2015 Ontario tax return calculator to estimate your federal and provincial tax liabilities for the 2015 tax year. The calculator follows the tax rates and brackets in effect during that year, providing an accurate estimate of your tax obligations.

How to Use This Calculator

To use the 2015 Ontario tax return calculator:

Enter your total taxable income for the 2015 tax year in the designated field.
Select your filing status (Single, Married, or Head of Household).
Click the "Calculate" button to generate your estimated tax liability.
Review the breakdown of federal and provincial taxes.
Use the results to prepare your actual tax return.

This calculator provides an estimate based on the tax rates in effect during 2015. For exact tax calculations, consult a tax professional or use official government tax forms.

Tax Calculation Formulas

The calculator uses the following formulas to determine your tax liability:

Federal Tax Calculation

Federal Tax = Sum of (Taxable Income × Federal Tax Rate for each bracket)

The federal tax rates for 2015 were:

15% on the first $44,700 of taxable income
22% on the next $44,700
26% on the next $44,700
29% on taxable income over $134,400

Ontario Provincial Tax Calculation

Ontario Tax = Sum of (Taxable Income × Ontario Tax Rate for each bracket)

The Ontario provincial tax rates for 2015 were:

5.05% on the first $42,961 of taxable income
9.15% on the next $42,961
11.16% on the next $42,961
13.16% on taxable income over $128,883

Total Tax Liability

Total Tax = Federal Tax + Ontario Tax

Example Calculation

Let's calculate the tax liability for a single filer with $60,000 in taxable income for the 2015 tax year.

Federal Tax Calculation

$44,700 × 15% = $6,705
($60,000 - $44,700) × 22% = $3,354
Total Federal Tax = $6,705 + $3,354 = $10,059

Ontario Provincial Tax Calculation

$42,961 × 5.05% = $2,172.26
($60,000 - $42,961) × 9.15% = $1,487.74
Total Ontario Tax = $2,172.26 + $1,487.74 = $3,660.00

Total Tax Liability

$10,059 (Federal) + $3,660 (Ontario) = $13,719

Common Questions

Q: Is this calculator accurate for my 2015 tax return?

A: This calculator provides an estimate based on the 2015 tax rates and brackets. For exact calculations, consult a tax professional or use official government tax forms.

Q: What if I have deductions or credits?

A: This calculator does not account for deductions or credits. You should include these in your actual tax return.

Q: Are the tax rates the same for all provinces?

A: No, each province has its own tax rates. This calculator specifically uses the 2015 Ontario tax rates.

This calculator is for informational purposes only. It is not a substitute for professional tax advice. Always consult with a tax professional or use official government tax forms for your actual tax return.